The geographical scope of eligible mortgage assets is restricted to EU/EEA countries, to Switzerland, USA,
Canada and Japan. Public sector loans to these countries are eligible for the cover of Öffentliche Pfandbriefe
(§ 20 PfandBG). In 2014, the mortgage asset scope was enlarged to Australia, New-Zealand and Singapore.
The total volume of loans granted in non-EU countries where it is not certain that the preferential right of the
Pfandbrief creditors extends to the cover assets, may not exceed 10 % of the total volume of the cover loans
(§§ 13 I 2, 20 I 2 PfandBG) and 20 % for ship and aircraft mortgages (§§ 22 V 2, 26b IV PfandBG).